Paytm Launches Paytm First Credit card with Citi Bank

Paytm First Credit Card

PayTm a survival kit during demonetization for every common man in India. Almost every person in India having Paytm mobile app in their mobile phones.

You don’t require a fixed deposit for your credit card, there are around 230 million users of paytm in India. Paytm launches the credit card as a beginner credit card with a low annual fee to enhance the number of users.

Paytm First Credit Card in partnership with Visa & Citi bank, introduced in India.

Also Read: Ola Money SBI Credit Card 

Paytm First Credit Card Benefits and Features

  • Get 1% cash back on all transaction, which will be automatically credited after the monthly bill generation (Great deal).
  • You can enjoy a 15%  discount with a partner restaurant.
  • Annual Membership Fee – ₹ 500 (which was waived off on spending of ₹ 50,000 annually)
  • Additional Benefits:- After spending of ₹ 10,000 from your Paytm First Credit Card within the first 4 months of being issued the card you will get promo code of ₹ 10,000.
  • You can view all your transaction details on the Paytm passbook. (similar to Paytm Postpaid).

Citi bank can grab the bunch of customers with a different variant of the model. This will definitely boost the credit card business of Citi bank.

How to Apply for Paytm Credit Card

Paytm and CitiBank built a selection tool to assess the creditworthiness of the account holders. This will help enable customers to own a credit card without requiring a prior credit history.

Currently, Paytm Credit Card is available for selected customers, check your mobile App.

Paytm First Credit Card

Get “Paytm First” at ₹ 750 annually with an inaugural cashback worth ₹ 100 for a limited time. Your effective price will be ₹ 650 for 1st year. Paytm First customers will enjoy a wide range of exclusive benefits from leading partnered brands for the entire year.

I check my paytm mobile app.

Bottom Line

It a good experience to have a credit card for the beginners. I am sure it will benefit the user in all respect as we all experience during paytm lunch and tons of cash back.

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